average annual spending for us citizens
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Here's What the Average Retired American's Budget Looks Like In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month -- or about $44,600 per year. Using the 4% rule, that would mean a nest egg of over $1 million would be needed to finance the average lifestyle.
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- This year, the group estimates that Americans will pay $4.8 trillion on federal, state and local taxes — or about 31% of the nation's income. Taxpayers will spend more on taxes this year than on food, clothing and housing combined, it says.
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INFOGRAPHIC: Americans Are Spending A Whopping $704.18 On Gifts This Year INFOGRAPHIC: Americans Are Spending A Whopping $704.18 On Gifts This Year. Christmas is the biggest commercial holiday in the United States, and undoubtedly the best time of the season for retail businesses. More and more sales are happening online, but the that doesn't mean we are spending any less money. The U.S. is expected to spend the second most in the world on Christmas gifts this year, behind only Luxembourg, according to The Economist. We've already seen more sales than previous years of Black Fridays and Cyber Mondays.
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CHART OF THE DAY: Americans Will Continue To Spend More On Drugs Than The Rest Of The World In 2016 In 2016, the average American will still be spending way more money on pharmaceuticals than the rest of the world. They'll be spending three times as much as the average European. This is according to a 2012 study from IMS Health.Not accounting for inflation*, the average American will spend $892 on drugs, versus the $375 the average European** is expected to spend, according to a report from IMS.Indians will likely spend the least, at $33 per person.ot accounting for inflation*, the average American will spend $892 on drugs, versus the $375 the average European** is expected to spend, according to a report from IMS. Indians will likely spend the least, at $33 per person.
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Americans' Initial Christmas Spending Estimate Is Positive Last year, Americans' average spending estimate fell by about $80 between October and November, and in 2008 and 2009, Gallup saw sharp declines in intended spending. By contrast, in 2011, the estimate rose by about $50 between October and November.
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How Much Should We Spend On Health Care? The Big Picture It is no surprise that U.S. health care spending outstrips all other countries significantly. According to the OECD, we spend $7,960 per person per year for health care in the U.S., totaling about $2.5 trillion. In comparison, the average OECD country spends $3,233 per person annually for health care.
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- China's urban middle class dominates tourism spending, and Goldman Sachs expects 12 percent of the population to hold a passport within a decade. China's middle class loves music. Chinese people spend an average $86 a year on music-related activities, while $152 is the U.S. average. Streaming services are used by 66 percent of Chinese consumers, and 71 percent of more affluent ones; by comparison, 75 percent of Americans listen to music online in a typical week, according to Nielsen.
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- According to the OECD, we spend $7,960 per person per year for health care in the U.S., totaling about $2.5 trillion. In comparison, the average OECD country spends $3,233 per person annually for health care.
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All-America Economic Survey The average American plans to spend $765 this year, up 12 percent versus last year, and about 6.5 percent higher than the average across the survey's nine-year history.
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- That includes spending on food and drink, decorations, and merchandise and apparel, and is an increase of almost $2 billion from 2014’s $12.37 billion spending benchmark. The average Super Bowl viewer is expected to spend a record $77.88 in relation to the game. Young adults between 19 and 24 years old are expected to spend an average of $95.92, while the 25- to 34-year-old age bracket will spend $101.54 apiece. Those between the ages of 35 and 44 years old will likely be the biggest spending demographic, with an average spending projection of $102.82.
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The Spending Habits of the Average American 1 This average consumer unit spent $49,648 in 2007.  Average food spending was $6133, of which $3465 was spent on meals at home. Based on this data, one can conclude that the average consumer unit spends roughly $300 per month on meals prepared at home and roughly $225 per month on meals away from home.
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How Much Money Does the Average American Spend on Entertainment a Year? Entertainment spending varies according to income, age and location. The average American spent $2,504 on entertainment in 2010, the U.S. Bureau of Labor Statistics reported in August 2012.Entertainment spending dropped 7 percent from 2009 as consumers tightened their belts in an uncertain economy.ccording to the Consumer Expenditure Survey, entertainment spending also varied according to age. On the low end, people 25 and younger had entertainment budgets that averaged $1,221, and consumers 75 and older spent an average of $1,334. The biggest entertainment spenders were between 35 and 54, who averaged $3,050.
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Money Talk: How Does the Average American Live? The average cost for a gym membership is $39 per month, but 67 percent of people with gym memberships never use them. Hopefully, by now you have a good idea of how other Americans live and how much they spend.ax rates and insurance costs also affect how much you can buy depending on where you live. Not everyone chooses to purchase a new car, but Americans spend an average of $5,000 per year on gas and maintenance alone, as well as an average of $250 per month for a car payment.
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Ten Things Americans Waste the Most Money On The ten categories of unnecessary purchase can be balanced against the ability of Americans to save money or pay off debts. The “average” American household which has an income of $63,000 spends more than $8,000 on goods and services it does not actually need. The credit crisis might not have been so bad if all that money had been put into savings accounts between 1989 and 2009, but the period would not have been nearly as fun.
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Why do Americans spend so much on pharmaceuticals? BY Valerie Paris, OECD February 7, 2014 at 12:15 PM EDT. Photo by Flickr user Images_of_Money. The United States spends almost $1,000 per person per year on pharmaceuticals. That’s around 40 percent more than the next highest spender, Canada, and more than twice as much as than countries like France and Germany spend.
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Average Household Budget The average U.S. household spends $17,148 on all things related to housing. That’s an average of $10,080 for direct payments on rent or mortgage interest, property taxes and insurance, as well as any lodging costs on out-of-town trips.or the average household, transportation costs are almost as much as what’s spent on rent or the direct costs of home ownership: an average of $9,004 annually. Nearly 90% of U.S. households report spending money on gasoline, an average of nearly $3,000 per year.
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A Look at the Average American Budget â and How the Average American Can Start Saving More The average household spends $2,482 a year on entertainment, and I’m guessing that some of the “other expenses” might fall into this category, too. To break this down, this adds up to a little over $200 a month spent on entertainment.
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Guess How Much Americans Plan To Spend On Christmas And Halloween This Yearâ¦ While Gallup’s October spending forecast is a warm-up to its key measure in November, it finds Americans expecting to spend $781, on average, up from $704 last November. Of course holiday spending does not end there. There are trees to put up, packages to send out and decorations to buy.
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Money Talk: How Does the Average American Live? Americans have to have their entertainment, too. In 2012, the average American spent $2,605 on entertainment; more than $20 billion is spent each year on movies, and $13 billion — or more, depending on whom you ask — on video games.As far back as 2009, Americans were spending more than $14 billion per year on performing arts tickets as well.n 2012, the average American spent $2,605 on entertainment; more than $20 billion is spent each year on movies, and $13 billion — or more, depending on whom you ask — on video games.
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- Americans report spending an average of $151 per week on food. Higher-income adults and those aged 18 to 29 spend more on food and are slightly more likely to say they ate out at a restaurant last night than are other groups. Americans report spending an average of $151 per week on food.
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What The Average American Spends Every Day In Walking Around Money Will Surprise You Americans spent an average of almost $94 a day last month in stores, restaurants, gas stations and online. That's a lot of walking-around money, and it's higher than the $89 per day spent in July 2013, but lower than the six-year high of $98 per day recorded in May.
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The Average American Spends This Much on Groceries: How do You Compare? Typical grocery spending According to the U.S. Bureau of Labor Statistics, the average American family spent $4,000 per year on groceries in 2013, or about $330 each month.n the context of a yearly budget, groceries count for about 8% of typical family spending, above health care (7%), entertainment (5%), and clothing (3%). Meanwhile, annual grocery spending is up by $140 since 2011.
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Federal Budget 101 The United States federal government expects to spend $3.8 trillion dollars in 2015 – that sounds like a lot of money, and it is. That’s about $12,000 for each woman, man and child living in the United States. It’s also about 21 percent of the entire United States economy.
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The Average American Household Budget Smaller expenses make up the remainder of the average household budget. Americans spend nearly the same, about 3.8 percent, on cash contributions and apparel. Entertainment takes up 5.4 percent. Education costs average 1.9 percent. Many people's favorite category, miscellaneous, totals 1.6 percent of gross income.verall Income and Expenses. According to a 2009 United States Department of Labor survey of consumer expenditures, the average American household has 2.5 residents and a household gross income of $62,857. Annual spending totals $49,067.
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Average Cost Of An American Christmas In 2016, the average American spent $935.58 on holiday gifts. In 2017, it is expected that the average American will be spending $967.13 on gifts for friends and loved ones, the highest amount spent since 2007. It should come as no surprise that the average cost of gifts is so high.
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Why do Americans spend so much on pharmaceuticals? BY Valerie Paris, OECD February 7, 2014 at 12:15 PM EDT. Photo by Flickr user Images_of_Money. The United States spends almost $1,000 per person per year on pharmaceuticals. That’s around 40 percent more than the next highest spender, Canada, and more than twice as much as than countries like France and Germany spend.Y Valerie Paris, OECD February 7, 2014 at 12:15 PM EDT. Photo by Flickr user Images_of_Money. The United States spends almost $1,000 per person per year on pharmaceuticals. That’s around 40 percent more than the next highest spender, Canada, and more than twice as much as than countries like France and Germany spend.